Urban Outfitters, Inc. $URBN Shares Purchased by Oak Harvest Investment Services

Oak Harvest Investment Services raised its position in shares of Urban Outfitters, Inc. (NASDAQ:URBN) by 203.1% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 30,313 shares of the apparel retailer’s stock after purchasing an additional 20,313 shares during the quarter. Oak Harvest Investment Services’ holdings in Urban Outfitters were worth $2,165,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Hollencrest Capital Management bought a new position in Urban Outfitters during the second quarter valued at about $26,000. Cullen Frost Bankers Inc. boosted its position in shares of Urban Outfitters by 180.2% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 468 shares of the apparel retailer’s stock valued at $34,000 after purchasing an additional 301 shares in the last quarter. Kilter Group LLC bought a new position in shares of Urban Outfitters during the 2nd quarter valued at about $36,000. EverSource Wealth Advisors LLC grew its stake in shares of Urban Outfitters by 125.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 493 shares of the apparel retailer’s stock worth $36,000 after purchasing an additional 274 shares during the last quarter. Finally, Geneos Wealth Management Inc. raised its holdings in shares of Urban Outfitters by 282.2% in the 2nd quarter. Geneos Wealth Management Inc. now owns 600 shares of the apparel retailer’s stock worth $44,000 after purchasing an additional 443 shares in the last quarter. Institutional investors own 77.61% of the company’s stock.

More Urban Outfitters News

Here are the key news stories impacting Urban Outfitters this week:

• Neutral Sentiment: Insider transactions disclosed to the SEC — filings show the trades and remaining holdings (links to the SEC filing). SEC Ownership Filing
• Negative Sentiment: CEO Richard A. Hayne sold 21,334 shares across Dec. 24 and Dec. 26 for roughly $1.645M in proceeds (avg prices ~$77.68 and $76.57). He still holds ~17.8M shares, but CEO sales can signal near-term profit-taking and pressure sentiment. Richard A. Hayne Insider Trades
• Negative Sentiment: Insider Margaret Hayne sold 18,666 shares across the same dates for roughly $1.440M in proceeds (avg prices ~$77.68 and $76.57). While her remaining stake is sizable, the sales contribute to negative near-term headline risk. Margaret Hayne Insider Trades
• Negative Sentiment: Analyst action: Wall Street Zen cut URBN to “Hold,” which can reduce buying enthusiasm from investors who follow analyst guidance. Urban Outfitters Cut to Hold at Wall Street Zen

Insider Buying and Selling

In related news, CEO Richard A. Hayne sold 10,667 shares of Urban Outfitters stock in a transaction on Friday, December 26th. The stock was sold at an average price of $76.57, for a total transaction of $816,772.19. Following the completion of the sale, the chief executive officer owned 17,793,265 shares of the company’s stock, valued at approximately $1,362,430,301.05. This trade represents a 0.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Margaret Hayne sold 9,333 shares of the business’s stock in a transaction dated Friday, December 26th. The shares were sold at an average price of $76.57, for a total value of $714,627.81. Following the completion of the transaction, the insider owned 2,234,729 shares in the company, valued at $171,113,199.53. This trade represents a 0.42% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 312,733 shares of company stock valued at $24,179,152. Insiders own 31.80% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on URBN shares. Zacks Research lowered shares of Urban Outfitters from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 6th. UBS Group lifted their target price on Urban Outfitters from $70.00 to $80.00 and gave the stock a “neutral” rating in a report on Wednesday, November 26th. Citigroup upped their target price on Urban Outfitters from $76.00 to $80.00 and gave the company a “neutral” rating in a report on Wednesday, November 26th. Guggenheim initiated coverage on Urban Outfitters in a report on Tuesday, December 9th. They set a “neutral” rating on the stock. Finally, The Goldman Sachs Group started coverage on shares of Urban Outfitters in a report on Tuesday, December 9th. They issued a “neutral” rating and a $83.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $86.50.

Urban Outfitters Trading Down 0.8%

Shares of Urban Outfitters stock opened at $76.43 on Tuesday. Urban Outfitters, Inc. has a 1 year low of $41.89 and a 1 year high of $83.94. The company has a market cap of $6.85 billion, a P/E ratio of 14.42, a P/E/G ratio of 1.16 and a beta of 1.20. The stock has a 50-day moving average price of $71.12 and a 200 day moving average price of $71.91.

Urban Outfitters (NASDAQ:URBN) last issued its earnings results on Wednesday, December 10th. The apparel retailer reported $1.28 earnings per share for the quarter. The company had revenue of $1.53 billion for the quarter. Urban Outfitters had a return on equity of 18.33% and a net margin of 8.15%. On average, equities analysts forecast that Urban Outfitters, Inc. will post 3.91 earnings per share for the current fiscal year.

Urban Outfitters Company Profile

Urban Outfitters, Inc is a global lifestyle retailer headquartered in Philadelphia, Pennsylvania. Established in 1970 by Richard Hayne, Scott Belair and Judy Wicks, the company began as a single store catering to college students in the city’s historic Old City neighborhood. Over the decades, Urban Outfitters has expanded its reach and diversified its portfolio to include multiple retail concepts addressing distinct customer segments.

The company operates through several well-known brands, each offering a curated selection of apparel, footwear, accessories and home goods.